Insurance in the USA
Thursday, February 07th, 2019 | Author:

Anything that will be described in the article in relation to the state of California, there may be significant differences in other states.

Everything becomes clear if you say two words: CTP and CASCO.

For California, there must be a minimum liability insurance for the owner in case of accidents, while this minimum insurance will not cover damage to your car, only the minimum liability of you as the culprit is liability. Immediately remember OSAGO. This is one of the cheapest insurance that all car owners are required to have. But, unfortunately, its coverage is often not enough when there is any accident. It should even be from a tourist who bought a car here in order to just drive a month across the USA in it (up to 14 days you can ride without penalty for lack of insurance, otherwise it is either a fine or a parking penalty).

Extended insurance already includes high coverage limits, coverage both ways (and your responsibility and your car) – liability, car coverage, if it just stands parked and something happens to it – comprehensive, uninsured person, who has either managed your car, or flew into your car – unisured motorist liability, well, such a trifle as paying for a rented car for the period of repair after an accident or roadside assistance along with paying a tow truck. That is such a good hull, which is already significantly more expensive, but less problematic.

Further, for simplicity, I will call these insurance familiar to us OSAGO and CASCO.

In this part of the comprehensive in hull in some states is optional, but in California it needs to be included.

  1. Parameters affecting the cost of the policy.

What parameters are taken into account when calculating the cost of the policy for you personally:

  • age (up to 25 years insurance is significantly more expensive, since the insured driver in the category is young driver and, according to statistics, most of the accidents are performed by people under 26 years old, so the coefficients are increased for this category of persons)
  • local rights (if you are a resident of the state, then you must have local rights, plus insurance is much cheaper with them)
  • driving experience (even the one who was in another country counts for as long as you need to send a copy of the rights)
  • higher education (discounts up to 10% if there is a higher education institution (especially if you are an engineer)
  • availability of stable work and high income
  • marital status and having children
  • type of insured car, its age and price, availability of collateral for a car (credit / leasing – 10–30% more expensive)
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